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Tuesday, June 22, 2004

Black Friday

In U.S. history, Sept. 24, 1869, when plummeting gold prices precipitated a securities market panic. The crash was a consequence of an attempt by financier Jay Gould and railway magnate James Fisk to corner the gold market and drive up the price. The scheme depended on keeping government gold off the market, which the manipulators arranged through political influence. When